MIDD Q1 2024 Earnings — The Middleby Corporation Revenue & Financial Results | Market Cap Arena

MIDDThe Middleby Corporation

$8B

Q1 2024 Earnings

Industrials Industrial - Machinery

Income Statement

Revenue

$927M-8.0% YoY

Gross Profit

$346M37.4% margin

Operating Income

$137M14.8% margin

Net Income

$87M9.3% margin

EPS (Diluted)

$1.59

QoQ Revenue Growth

-8.1%

Cash Flow

Operating Cash Flow

$141M

Free Cash Flow

$127M

Stock-Based Comp.

$14M

Balance Sheet

Total Assets

$6.9B

Total Liabilities

$3.6B

Stockholders' Equity

$3.3B

Cash & Equivalents

$341M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$927M	$1.0B	-8.0%
Gross Profit	$346M	$379M	-8.5%
Operating Income	$137M	$161M	-14.8%
Net Income	$87M	$99M	-12.6%

Revenue Segments

Commercial Foodservice Equipment Group

$590M64%

Residential Kitchen

$174M19%

Food Processing Group

$163M18%

Geographic Segments

United States And Canada

$637M69%

Europe And Middle East

$194M21%

Asia

$60M7%

Latin America

$36M4%